1Q17

Results

Kingboard Copper Foil’s 1Q earnings nearly treble to $0.8 mil on higher revenue

SINGAPORE (May 5): Kingboard Copper Foil Holdings, the producer of electrolysed copper foil, has announced earnings of HK$4.4 million ($0.8 million) for the 1Q ended March 31, nearly three times its 1Q16 earnings of HK$1.6 million in the previously on hig

Broker's Calls

Wilmar gets a ‘hold’ on expected weaker q-o-q performance

SINGAPORE (May 5): UOB KayHian is maintaining its “hold” on Wilmar International as it expects a weaker 1Q17 performance against the previous quarter due to weaker demand for consumer products, lower contribution from tropical oil m-o-m and lower cont

Broker's Calls

Multiple catalysts in the works for OUE Hospitality Trust

SINGAPORE (May 5): OCBC Investment Research and DBS Vickers Securities are both reiterating their “buy” calls on OUE Hospitality Trust (OUE HT) with a fair value and price target estimate of 75 cents and 76 cents respectively.

Global Markets

Indonesia’s still a darling for investors shrugging off earnings

JAKARTA (May 5): Two thirds of Indonesia’s major companies missed earnings estimates in the first quarter, but that’s done little to stop investors from pouring into this enduring emerging-market darling. 

Results

Frasers Logistics & Industrial Trust’s 1Q DPU beats forecasts by 6.7% at 1.75 cents

SINGAPORE (May 5): The manager of Frasers Logistics & Industrial Trust (FLT) has declared a distribution per unit (DPU) of 1.75 cents for the 1Q ended March, exceeding the forecast DPU of 1.64 cents by 6.7%.

Results

OUE Hospitality Trust posts 18.2% increase in 1Q DPS of 1.3 cents

SINGAPORE (May 4): The manager of OUE Hospitality Trust (OUE HT) has announced a distribution per stapled security (DPS) of 1.3 cents, representing a 18.2% increase from the 1.1 cent DPS declared a year ago.

Results

Hi-P International swings back to profitability in 1Q with earnings of $8.4 mil

SINGAPORE (May 4): Hi-P International, the consumer electronics manufacturer, has announced $8.4 million in earnings for the 1Q ended March on a surge in gross profit, reversing from the $12.4 million loss recorded a year ago.

Results

Hyflux 1Q earnings fall more than ninefold to $0.8 mil with Tuaspring plant held for sale

SINGAPORE (May 4): Hyflux, the water solutions provider, saw 1Q17 earnings fall to $0.8 million from $7.3 million a year ago.

Broker's Calls

StarHub’s unsurprising 1Q results continue to forebode challenges ahead

SINGAPORE (May 4): OCBC Investment Research and UOB Kay Hian are maintaining their “sell” and “hold” recommendations on StarHub at a respective target price of $2.40 and $2.98.
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